Monetary companies firm Western Union plans to launch its personal service Stablecoin pegged to USDbased on a report within the Wall Road Journal.
The brand new digital asset, known as the US Greenback Cost Token (USDPT), can be issued on the Solana community in partnership with Anchorage Digital Financial institution, an entity with federal banking standing in the USA.
Launch is scheduled for the primary half of 2026. With this initiative, Western Union seeks to offer greater than 100 million prospects with an alternate strategy to ship cash internationally that reduces the dangers related to native foreign money fluctuations.
In line with the corporate, once you use this stablecoin on Solana, Cut back prices and settle transactions sooner. Western Union President and CEO Devin McGranahan stated the transfer into digital property and stablecoins represents the “subsequent chapter” within the firm’s historical past of connecting folks by expertise.
Simply yesterday, CriptoNoticias reported that Western Union is testing incorporating stablecoins into its treasury.
Solana’s choice The infrastructure for this challenge is Excessive efficiency and low transaction prices.
